Mike Timmermann, Clark.com
If you’ve been following money expert Clark Howard for a while, you’ve probably heard him talk about billions of dollars in unclaimed money — and how some of it may be yours!
Credit Karma can help you find missing money!
How is that possible? When a business owes you money but can’t get it to you, they will turn it over to the state, which will hold the money and keep a record that it belongs to you.
You can usually collect the money that’s owed to you pretty easily — like I did — but you have to know where to look.
Credit Karma has just launched Credit Karma Unclaimed Money, a free feature to help Americans in the following states get their money back — no finder’s fees or charges.
California, Florida, Georgia, Indiana, Iowa, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas and Wisconsin
Simply enter your name and state (current and previous) on Credit Karma’s website to get started.
Unclaimed money from bank accounts, insurance policies, rental and utility deposits, safe deposit boxes and other places make up an estimated $40 billion sitting with state governments.
Here are just a few examples of unclaimed money:
- A check you forgot to cash
- Money left in an inactive bank account
- A rebate check mailed to an old address
To collect money that’s in your name, you’ll have to fill out a form with the state and provide proof of identity.
Credit Karma says if you have a free account with them, they’ll proactively send a notification if there are any future matches for you in the states its program works with.